The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, July 12, 2012

RBA's Phil Lowe: Aussie dollar is not over-valued

The RBA Deputy Governor argued today that based on the Aussie dollar's current levels, "it is hard to make a strong case that it is fundamentally over-valued." Interesting. The RBA's monetary policy forecasts assume an Aussie/US dollar cross of 103 cents.